Conestoga Capital Advisors LLC Acquires 79,950 Shares of Rollins, Inc. (NYSE:ROL)

Conestoga Capital Advisors LLC lifted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,102,275 shares of the business services provider's stock after purchasing an additional 79,950 shares during the quarter. Conestoga Capital Advisors LLC owned 0.23% of Rollins worth $59,556,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. QRG Capital Management Inc. lifted its position in Rollins by 3.2% during the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider's stock worth $443,000 after purchasing an additional 251 shares during the period. Sagespring Wealth Partners LLC acquired a new position in Rollins during the first quarter worth about $236,000. Everpar Advisors LLC lifted its holdings in shares of Rollins by 3.3% in the first quarter. Everpar Advisors LLC now owns 10,306 shares of the business services provider's stock worth $557,000 after acquiring an additional 325 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Rollins by 305.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after purchasing an additional 120,294 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV bought a new position in Rollins in the 1st quarter valued at approximately $2,750,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and lifted their target price for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Barclays upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada raised their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $57.38.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman now directly owns 662,727 shares of the company's stock, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the sale, the insider now directly owns 38,028 shares in the company, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,842 shares of company stock valued at $2,480,861 over the last quarter. 4.47% of the stock is owned by company insiders.

Rollins Price Performance

Shares of Rollins stock opened at $56.69 on Tuesday. The company's fifty day simple moving average is $56.23 and its two-hundred day simple moving average is $52.03. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The firm has a market cap of $27.48 billion, a PE ratio of 59.05 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $822.50 million for the quarter, compared to analysts' expectations of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Rollins's quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. As a group, equities analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. Rollins's dividend payout ratio is presently 66.67%.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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